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6 Financial Matters To Discuss With Older Family Members
Discussing money, health, and mortality with loved ones can be incredibly difficult. Despite the discomfort you may feel, these discussions are critical to build trust and ensure the wellbeing of all the generations in your family. Here are six financial matters you should be discussing with your older family members.
How To Navigate Grief And Your Finances After The Death Of A Spouse
I recently caught up with a widow who had this bright and hopeful presence. She felt confident in her life and finances and was about to embark on the trip of a lifetime. I’d first met her immediately following the shocking death of her spouse years prior. It was a long and hard road to get to where she is today.
When I speak with people who have recently lost a spouse, they are often overwhelmed by all the financial and administrative tasks they need to handle while navigating their grief. This is how to get your finances in order while working through grief after losing a spouse.
3 Factors To Consider If You Want To Marry For Money
You may have seen the viral trend that has singles “looking for a man in finance with a trust fund.” This is an exploration of marrying for money, and its impact on happiness, legal and tax ramifications, and emotional considerations.
6 Financial Tips For People Looking To Buy An Investment Property
Many young people have been told that investing in properties can help them retire early, be their own boss, and create passive cash flow. While the right investment property can help achieve these things, I’ve seen just as many people in compromising financial positions because of a poor investment property purchase. This is a discussion of financial considerations for people who want to add an investment property to their portfolio.
6 Financial Strategies For Couples Having Their First Child
I recently spoke with a married couple who hadn’t considered their finances or their joint goals for the many years they’d been together. They made plenty of money, received company stock, and were able to consistently maximize retirement plan contributions so they felt like that was enough. It wasn’t until they had their first kid that they realized they may need to take a second look at how they’ve been operating. Having a baby can change a lot financially. Here are six money moves to consider when having your first child.
MY BOOK
I seek to make personal financial planning less scary.
This book provides a simple guide for working through life's biggest financial questions facing couples in their 20s, 30s, and early 40s today. It starts with goals-based planning around topics including retirement planning, education planning, and major purchase planning. It then walks through some basics of investment management, options for how to invest, behavioral finance, and pitfalls to avoid. Lastly, it discusses risk management and insurance.
If you are not sure where to start, this book may provide some clarity.